project44 sets funding record for Logistics Tech enterprise SaaS companies with latest investment

project44 receives $420 million investment led by Thoma Bravo, TPG and Goldman Sachs valuing business at $2.2 billion pre-money With $100+ million in ARR, 1,000+ team members, 1,000+ customers, 1+ … Read more..

Meeting schedule for Federal Maritime Commission’s Maritime Data Infrastructure initiative

In December 2021, the Chairman of The Federal Maritime Commission (FMC), Daniel B. Maffei appointed Commissioner Carl Bentzel to spearhead an initiative of the FMC to focus on identifying data … Read more..

It is Official – MSC is the world’s largest container shipping line in terms of container capacity

News - shipping and freight resource

Mediterranean Shipping Company (MSC) a privately-owned organisation driven by the Aponte family was founded in 1970 and has evolved from a one-vessel operation into a globally-respected business. After 51 years … Read more..

Wan Hai lines comes under Federal Maritime Commission (FMC) microscope for container detention

News - Shipping and Freight Resource

Demurrage and detention are two terms that often confuse people in global trade, shipping, freight, and logistics. This has also led to financial losses many a time for customers. Demurrage … Read more..

Captain and First Officer of Wakashio get 20 months in prison for endangering safe navigation

Image on article about wakashio oil spill captain and first officer sentenced

Captain Sunil Kumar Nandeshwar and First Officer, Hitihanillage Subhoda Janendra Tilakaratna of the 203,000 DWT Capesize vessel Wakashio which hit a coral reef and sank off the coast of Mauritius … Read more..

Captain and First Officer of Wakashio found guilty for oil spill in Mauritius – to be sentenced

Wakashio oil spill captain guilty - shipping and freight resource

The BBC has reported that the Captain and First Officer of the Wakashio that ran aground on a coral reef in Mauritius and sank, have been found guilty of endangering … Read more..

HMM completes Dream crossing of the Pacific in its first trial with Bio-fuel

Bio-Fuel powered ship - shipping and freight resource

HMM, the world’s 8th largest container shipping line got one step closer to the IMO’s objective of a reduction in Greenhouse Gas emissions from ships by 2050. HMM Dream, a … Read more..

Significant Supply Chain Progress as the Holidays Draw Near says The White House

port congestion

“Months of Coordination Bring Signs of Good Cheer” – this is the word from the White House about the supply chain disruptions that we have been seeing in the past few … Read more..

US Congress steps up shipping reform with the passing of The Ocean Shipping Reform Act

The Ocean Shipping Reform Act 2021

Is it political..?? Is it practical..?? This seems to be the question surrounding the passing of “The Ocean Shipping Reform Act” in the House of Representatives on the 8th of December … Read more..

IMO moves ahead on GHG emissions, Black Carbon and marine litter

The International Maritime Organization (IMO) in view of the urgency for all sectors to accelerate their efforts to reduce GHG emissions as emphasized in the recent IPCC reports 1 and … Read more..

Federal Trade Commission wants to know causes of empty shelves and sky-high prices – launches inquiry into supply chain disruptions

federal trade commission - empty shelves - supply chain disruptions inquiry - shipping and freight resource

The Federal Trade Commission (FTC) is the latest entrant to enter the fray to try and identify the issues surrounding the massive supply chain disruptions faced by the US market and … Read more..

Will Container Dwell Fee in Los Angeles and Long Beach be implemented?

container dwell fee

The Port of Los Angeles and the Port of Long Beach announced on the 29th of November that the implementation of the much unwanted “Container Dwell Fee” will be further … Read more..

CMA CGM to incentivize early pick up of import containers at Los Angeles and Long Beach

News - Shipping and Freight Resource

CMA CGM posted a net profit of $5.6bn for Q3 increasing its consolidated revenue by 89%, compared to 2020 on the back of incredible freight rates and the signing of … Read more..

Chinese black out on Maritime Data as Automatic Identification System data blocked

AIS Data - China - Automatic Identification Systems

China, home to 7 of the top 10 container ports in the world and of course the 2nd largest economy in the world, has decided to prevent public access to … Read more..

Consumers will have to wait an additional 17 days for delivery in November, as congestion drags on  

dwell time delay - shipping and freight resource

Suffern, NY, November 23, 2021 — Digital freight forwarder Shifl is warning businesses that supply chain delays are far from over. Long transit times, berthing delays, and dwell time inside … Read more..